And so...the "recession" begins

UpstateGal said:
I've read a few of your posts and many of the other bullies in here. You all sure can dish it out but you can't take it. :ROFLMAO:
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It happens. There are people who simply can not handle disagreement. Those type of people tend to 'attack' in groups. If I commented on even a few of the posts in this chat.... well, they'd likely give you a break. 😂
 

Lara said:
...and the debackle in 1943. All the banks closed their doors and caused a financial panic. People rushed to get all their money out of the banks. The whole banking system closed.

Then Franklin Roosevelt said these few words that changed everything...
"I firmly believe that the only thing we have to fear is fear itself."

And with that the banks opened and the people put their money back in.
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I'm confused. I was born in 1943 and that was in the middle of the Second World War (1939 - 1945).
In 1942 Pearl Harbour was bombed and Singapore fell to the Japanese.

I don't question the quote, only the timing. Did the Great Depression in USA actually last until 1943?

Edit - I see that Aunt Bea has sorted the date out in post # 55
 
smiley said:
I do get the distinct impression that many [not all] of the richer well off countries are helping poorer nations - for example the aussies have upped their support for some south sea isles - but it was also triggered off by China stepping in to "lend a helping hand" . I think without requesting a listing that some of our richer countries are donating to those poorer nations. However I also get the distinct impression that some just accept the donations and make no changes - or are taken over by local guerrila groups and nothing really improves. So the whole field of "care for our neighbours and poorer nations" can just become never ending drip drip drip and nothing changes?
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Foreign aid is never about helping poor people; it is very strategic. Australia sends most of its foreign aid to Papua/New Guinea to ensure that the PNG government doesn't accept Chinese money and allow China to infiltrate our near north. Aid is also given to Pacific Island countries (Micronesia) for the same reason. China has ambitions that are against our national interest and foreign aid is a counter measure. At the same time, we trade with China because bilateral trade does tend to keep relations much friendlier than punitive tariffs, hostile sanctions and embargos.

In my not so humble opinion, US tariffs imposed on every country on this planet is something akin attempting to mend a pocket watch using a claw hammer. It is very destructive of goodwill and is counterproductive. It directly hurts the US consumers and places strain on allies who don't actually pay anything moneywise. However, some industries take a bit hit, causing businesses to close and workers to lose their job.

When Wall Street begins to fall, so do other stock exchanges around the world.

The inevitable result is that US loses goodwill from people of nations that were once very friendly.
Good will is very hard to win back once it is gone.
 
Aunt Bea said:
Billionaires become billionaires when the rank and file feel good about the future and have money to spend.

I believe that many of the radical changes may be good for the country in the long run but devastating for many individuals in the short term.

The atmosphere of fear coupled with the constant chaos and lack of empathy from America’s most wealthy and powerful elite’s is what I find the most disturbing

We’ll get through this.
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I hope you do. The human spirit is very strong.

However, I've read The Grapes of Wrath and listened to my mother's generation recounting the hard times of the Great Depression and "getting through" will involve a lot of hardship and pain for many, and not only in US.
 
Open access to the US market was part of the package of welfare granted to other countries not to fall into bed with Communism or start WW III through yet another squabble among themselves.

The Cold War ended quite a while ago, so these subsidies needed to end anyway. There was also a hope that they'd have grown up enough by now to avoid starting yet another boil-over conflict.

The tariffs put trade back on an even footing, which should slow or reverse the corporate race to the bottom.
 
Wars are expensive be they military or economic. An economic war is hurting America, but if the US is the strongest economy in the world as we have been told, it's going to hurt other countries more than the US, and the US should be able to claim victory, right? We may devastate our own economy in the process, but we will be the winners for what that is worth. I suppose a case can be made that it's better to be able to claim a victory over others than to maintain our middle class standard of living. But it's not much of a win. And I don't think a victory over our allies serves some greater purpose, even assuming that we will win.
 
Warrigal said:
I'm confused. I was born in 1943 and that was in the middle of the Second World War (1939 - 1945).
In 1942 Pearl Harbour was bombed and Singapore fell to the Japanese.

I don't question the quote, only the timing. Did the Great Depression in USA actually last until 1943?

Edit - I see that Aunt Bea has sorted the date out in post # 55
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I didn't react to the post in question. I'm thinking it could have been a typo and she meant 1933.
 
JustDave said:
I suppose a case can be made that it's better to be able to claim a victory over others than to maintain our middle class standard of living.
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The very point is to regrow the middle class by repatriating production.

Will this pinch the minority, who rose up by parasitizing foreign imports as middlemen and paperpushers? Probably. But most likely they'll just turn to leeching off exports as those rise in turn, and so they'll feel relatively little pinch for very long if at all.

Much of the country had been sacrificed to synthetic auto-colonialism, a.k.a. globalism. Those people finally had enough, and now here we are.
 
Warrigal said:
I hope you do. The human spirit is very strong.

However, I've read The Grapes of Wrath and listened to my mother's generation recounting the hard times of the Great Depression and "getting through" will involve a lot of hardship and pain for many, and not only in US.
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We’re a long way from the Great Depression and many different circuit breakers and protections exist today that didn’t exist then but many of Ma Joad’s thoughts still apply.

 
I think we may be getting all our feathers a little bit ruffled at the moment? I have had the pleasure of working with individuals with unstable minds all my working life and can assure you that usually once they can see that their decisions and actions are causing chaos the say things like "oops /did I do that/ well it's not really my fault you know you guys - lets stop for a minute and change direction and see if that works better"

You mark my words former decisions will eventually be reversed. I've seen it happen in British politics and Aussies too and then there are those extreme examples when Presidents of some of the Americas in the South become too exuberance are sometimes assassinated to achieve change??? Just exploring some fairy like scenarios??
 
smiley said:
I think we may be getting all our feathers a little bit ruffled at the moment? I have had the pleasure of working with individuals with unstable minds all my working life and can assure you that usually once they can see that their decisions and actions are causing chaos the say things like "oops /did I do that/ well it's not really my fault you know you guys - lets stop for a minute and change direction and see if that works better"

You mark my words former decisions will eventually be reversed.
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Let's hope "eventually" comes sooner rather than later.

Perhaps today's previously planned, widespread "Hands Off 2025!" demonstrations will get attention from some in Washington.

Hands off.JPG
 
Aunt Bea said:
Billionaires become billionaires when the rank and file feel good about the future and have money to spend.

I believe that many of the radical changes may be good for the country in the long run but devastating for many individuals in the short term.

The atmosphere of fear coupled with the constant chaos and lack of empathy from America’s most wealthy and powerful elite’s is what I find the most disturbing

We’ll get through this.
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Many people won’t survive because of all the cuts in human services, healthcare, food stamps, etc. Already people have died because they can’t afford their medications because the law to keep them affordable was one of the first things rescinded.

Trucks with food for our food banks and California were told not to deliver to us anymore and they are allowing the food to rot just as they did with the usaid food.

Tariffs are going to make people choose between eating and medication. Kids are going to go hungry because free lunch is going away unless the state can come up with the money. By September our form of government will be gone. The plan is actually ahead of schedule at this point.
 
fuzzybuddy said:
I quite happy with the Senior Forum ban on "politics". I was a member before the ban, and it was a slugfest. But, we do have a problem, now. Today, we have financial insecurity, and a global disruption of trade that affects each of us. So, how can we discuss the economy, when the cause of the disruption is politics- a verboten topic.
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I thought we were doing it all quite well at the moment - discuss the issues that affect us all but keep out names and finger pointing ? seems to work oK
 
I don't think trying to veil one's politics in outlandish dire claims is helping any, nor does veering off into issues unrelated to the tariffs and trade. Hyperventilating over nonsense isn't healthy for the instigators either.
 

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